Pinewood Technologies Group (LON:PINE) Shares Up 2.4% - Still a Buy?

Pinewood Technologies Group PLC (LON:PINE - Get Free Report)'s stock price traded up 2.4% during trading on Wednesday . The stock traded as high as GBX 395 ($5.28) and last traded at GBX 386.50 ($5.16). 132,555 shares changed hands during trading, a decline of 44% from the average session volume of 235,577 shares. The stock had previously closed at GBX 377.50 ($5.04).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 590 ($7.88) price objective on shares of Pinewood Technologies Group in a research note on Tuesday, April 1st.

Pinewood Technologies Group Stock Up 2.5%

The company has a market capitalization of £328.72 million, a price-to-earnings ratio of 7.22 and a beta of 0.56. The business's 50-day moving average is GBX 339.27 and its 200-day moving average is GBX 341.41.

Pinewood Technologies Group (LON:PINE - Get Free Report) last posted its earnings results on Tuesday, April 1st. The company reported GBX 15.25 ($0.20) earnings per share (EPS) for the quarter. Pinewood Technologies Group had a net margin of 167.76% and a return on equity of 11.83%. As a group, analysts expect that Pinewood Technologies Group PLC will post 9.8256735 EPS for the current year.

Insiders Place Their Bets

In related news, insider Brian Small bought 6,349 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was acquired at an average price of GBX 315 ($4.21) per share, with a total value of £19,999.35 ($26,712.10). Also, insider Dietmar Exler bought 1,500 shares of the business's stock in a transaction dated Friday, April 25th. The shares were bought at an average cost of GBX 317 ($4.23) per share, with a total value of £4,755 ($6,351.01). Insiders own 30.44% of the company's stock.

Pinewood Technologies Group Company Profile

Pendragon PLC is one of the UK's leading automotive retailers with over 120 locations selling new and used vehicles alongside expert aftercare services. Operating in the UK under the brands of Evans Halshaw, Stratstone and CarStore the Group also has additional businesses including Pinewood for dealership management systems, Pendragon Vehicle Management for fleet and leasing and Quickco for wholesale vehicle parts.